Original Author: 0x Jeff
Compiled by | Odaily (@OdailyChina）
Translator | CryptoLeo (@LeoAndCrypto）
Editor's Note: 2025 is the year of the stablecoin track's rise, with the United States introducing the GENIUS Act, and the newly elected South Korean President Lee Jae-myung fulfilling his campaign promise by allowing local companies to issue stablecoins. Beyond the national level, with Standard Chartered Bank, Huawei, and later JD.com and Ant Group, domestic and international corporate giants are exploring the issuance of various stablecoins.
Crypto AI researcher Jeff analyzed the existing problems in crypto + AI projects, noting that these projects are too "AI-friendly and crypto-distant," thus unable to establish themselves in DeFi. Additionally, Jeff highlighted existing AI + stablecoin projects worth attention, as compiled by Odaily below.
Stablecoins are one of the most important infrastructures created for cryptocurrencies. Without stablecoins, we would lack a stable monetary unit for investors to commit funds (which would make building CEX, DEX, Perps, money markets, and any other vertical extremely difficult).
Stablecoins are rapidly gaining popularity - between 2023 and 2025, the total supply, trading volume, and circulation speed (stablecoin transaction frequency) have dramatically increased, especially in payments and cross-border transactions.
Moreover, we are seeing clearer regulatory guidelines and further institutional stablecoin adoption, such as Stripe launching stablecoin financial accounts in 101 countries, Société Générale preparing to launch a USD-backed stablecoin, major banks (Bank of America, JPMorgan, Citibank, Wells Fargo) exploring joint stablecoin issuance, and large enterprises exploring stablecoin payment options to reduce Visa and Mastercard transaction fees.
The recent IPO of CRCL (Circle) has also sparked a stablecoin wave, attracting more stakeholders. While we see further TradFi adoption, we also observe stablecoin innovations emerging in the AI field, aimed at addressing challenges faced by service providers and users in Web3 AI.
[The translation continues in the same manner for the rest of the text, maintaining the original formatting and translating all non-tagged content to English.]USDAI is a Real World Asset (RWA) backed interest-bearing synthetic stablecoin launched by Permian Labs. It is somewhat similar to Gaib, but also different, USDAI is a stablecoin collateralized by hardware assets (such as GPUs, telecommunications equipment, solar panels), operating as a debt financing transaction where borrowers (asset owners) obtain loans from USDAI, pay interest, and these interest earnings belong to USDAI token holders.
Behind Permian Labs is metastreet, a top-tier structured credit market that provides NFT-collateralized loans, structured credit for illiquid assets/risk-weighted assets (watches, artwork), and NFT yield rights transfer (PT YT) products similar to Pendle.
USDAI has not yet been launched, but its target yield is 15-25% APY, with an asset portfolio divided into three stages, ranging from 100% treasury bonds to 100% hardware assets. USDAI uses CALIBER, a system that simplifies the loan/issuance process and complies with legal standards for putting GPUs on-chain.
Odaily Note: CALIBER: Collateralized Asset Ledger: Insurance, Bailment, Evaluation, Redemption. This system is based on Section 7 of the Uniform Commercial Code (UCC), using asset tokenization and legal framework to transform real-world assets (such as infrastructure) into legally acceptable collateral for on-chain financing.
To clarify, USDAI focuses on debt with a broader range of asset types. With its CALIBER model, they can cover various use cases (wherever demand exists), while Gaib is more focused on equity, offering higher expected yields.
You can fill out the form to apply as an early user, and USDAI will provide additional rewards for early participants.
Other AI-Related Stablecoin Products
Almanak recently launched alUSD, an ERC-7540 version token (an extension of ERC-4626), which is a tokenized AI yield optimization strategy, aimed at maximizing risk-adjusted returns on stablecoin investments in platforms like Aave, Compound, Curve, and Yearn.
The Almanak team will soon launch a points activity to guide liquidity and continue expanding DeFi composability, allowing people to use alUSD as collateral or cycle it to maximize yields.
The AIxFI project is a vault that can automatically deploy USDC in DeFi protocols. Initially rule-based, it will gradually introduce AI for decision-making. It will be launched this month on Virtuals Protocol.
Future Trends
We will likely see the rise of another Ethena project focused on generating high yields for stablecoins using GPUs. More importantly, how they manage their 1:1 USD anchor and ensure the price returns to $1 during critical situations.
In the future, we will see more tokenized AI strategies. We have already seen that AI can better optimize yields by considering gas fees, rebalancing costs, slippage, and other dynamic variables. Imagine these strategies tokenized into highly composable "vaults" that can be used both as collateral and cycled to achieve 5-10x leveraged yields.
As participants like Maitrix build stablecoin infrastructure for top AI ecosystems, we will begin to see increased Web3 AI liquidity. More AI value will start becoming more composable and flow into DeFi, thereby enhancing the value appreciation of the entire Web3 ecosystem.
Although these teams are very interesting, when it comes to stablecoins, risk/anchoring management/redemption/liquidation mechanisms are crucial. Conduct a thorough risk assessment before deciding to invest.
